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DeFi protocol Morpho raised $175M from Paradigm, a16z Crypto, and Ribbit Capital to build on-chain credit infrastructure for banks and fintechs. The protocol already powers $2B+ in institutional USDC lending through Coinbase.
Morpho raised $175M from Paradigm, a16z and Ribbit Capital to build credit infrastructure for banks and fintechs, signaling VC money is flowing to onchain lending rails over retail DeFi.